According to the US Federal Reserve, student loan debt in the country reached nearly $1.74 TRILLION in 2021.
And, as many borrowers (myself included) have come to find out, paying off student loans is pretty overwhelming and basically impossible thanks to the fact that they're constantly accumulating interest. If you need further proof, please refer here and here.
Because of this, lots of people (including some politicians) think that student debt (whether it be all of it, $50K for each borrower, or even just $10K for each borrower) should be canceled. Personally, I am also in this camp.
But there are also people who (wrongly, IMO) think that student debt should NOT be canceled and we should all just keep paying 'til we keel over. Here are some of their arguments:
1. I mean, seriously, they're your loans, so you should prioritize paying them off, even if you're DYING OF CANCER: